Cashing in on the silver age – Philip Yeo heads committee in Singapore to tap a multi-billion dollar industry catering to seniors
Loh Chee Kong
Mr Philip Yeo — who will soon relinquish the helm of the Agency for Science, Technology and Research to head Spring Singapore — will now start turning the challenge of an ageing population into a billion-dollar opportunity. He will head a 14-man committee to recommend national policies to develop the silver industry here.
In 2005, Singapore’s senior citizens spent about US$1.95 billion ($3 billion). This rapidly greying population should fuel a boom in businesses catering to the elderly, such as healthcare and wellness…
Read more from this report @ Today Online (Mar 9, 2007)